We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Blencowe Resources Plc | LSE:BRES | London | Ordinary Share | GB00BFCMVS34 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.02 | 0.40% | 5.00 | 4.80 | 5.20 | 5.00 | 5.00 | 5.00 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 0 | -1.4M | -0.0064 | -7.81 | 10.82M |
TIDMBRES
RNS Number : 0763W
Blencowe Resources PLC
17 December 2021
Date: 17 December 2021
Blencowe Resources Plc
("Blencowe" or the "Company")
Issue of Options
Blencowe Resources (LSE:BRES), the natural resources company focussed on the development of the Orom-Cross Graphite Project in Uganda, reports the issue of options to directors and senior management.
Given the stage of development of the Company and to further align Directors and Senior Management with shareholders, the Company now announces the grant of 6 million options as set out below, at 6p per share, for a period of five years.
These options will not vest unless the share price of the Company trades in excess of 10p per share for 10 consecutive days.
In addition, the options granted to the CEO and COO will only vest on delivery of a pre-feasibility study.
Cameron Pearce (Chairman) 1,500,000 GBP0.06 Mike Ralston (CEO) 1,500,000 GBP0.06 ---------- -------- Iain Wearing (COO) 1,500,000 GBP0.06 ---------- -------- Lionshead Consultants Ltd (Sam Quinn) 1,000,000 GBP0.06 (Non Exec Director) ---------- -------- Alexander Passmore (Non Exec Director) 500,000 GBP0.06 ---------- --------
For further information please contact:
Blencowe Resources Plc www.blencoweresourcesplc.com Sam Quinn (London Director) Tel: +44 (0)1624 681 250 info@blencoweresourcesplc.com Investor Enquiries Tel: +44 (0) 7891 677 441 Sasha Sethi Email: sasha@flowcomms.com Brandon Hill Capital Limited Tel: +44 (0)20 3463 5000 Jonathan Evans (Corporate Finance) jonathan.evans@brandonhillcapital.com First Equity Limited Tel: +44(0)20 7330 1833 Jason Robertson jasonrobertson@firstequitylimited.com
Background
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger flakes within the deposit. A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit and Blencowe is moving into the studies phase shortly as it drives towards first production.
Orom-Cross presents as a large, shallow open-pitable deposit, with a maiden JORC Indicated & Inferred Mineral Resource deposit of 16.3Mt @ 6.0% Total Graphite Content. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.
The Notification of Dealing Form provided in accordance with the requirements of the Market Abuse Regulation in relation to the transaction listed above is set out below.
1 Details of the person discharging managerial responsibilities / person closely associated a) Name 1. Cameron Pearce 2. Mike Ralston 3. Alexander Passmore 4. Lionshead Consultants (S Quinn) 5. Iain Wearing -------------------------------- ------------------------------------------------- 2 Reason for the notification ----------------------------------------------------------------------------------- a) Position/status 1. Director 2. Manager 3. Director 4. Director 5. Manager -------------------------------- ------------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------------- ------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------------- a) Name Blencowe Resources PLC -------------------------------- ------------------------------------------------- b) LEI 213800UXIHBIRK36GG11 -------------------------------- ------------------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ----------------------------------------------------------------------------------- a) Description of the Ordinary shares financial instrument, type of instrument Identification code GB00BFCMVS34 b) Nature of the transaction Share Options -------------------------------- ------------------------------------------------- c) Price(s) and volume(s) --------------------- --------------- Price(s) Volume(s) --------------------- --------------- 1. 0.06 1,500,000 2. 0.06 1,500,000 3. 0.06 500,000 4. 0.06 1,000,000 5. 0.06 1,500,000 ----------------------------------------------------------------- --------------- d) Aggregated information - Aggregated volume N/A - Price GBP0.06 e) Date of the transaction 16/12/2021 -------------------------------- ------------------------------------------------- f) Place of the transaction London Stock Exchange -------------------------------- -------------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHFLFIVFVLDLIL
(END) Dow Jones Newswires
December 17, 2021 08:04 ET (13:04 GMT)
1 Year Blencowe Resources Chart |
1 Month Blencowe Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions